SuperForex

Indicators point to a growth of pair

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FX:USDJPY   Dólar Americano/Iene Japonês
At the moment, we are watching our pair come out of the descending channel and on the daily chart formed a "young" uptrend. And now the pair has found a new level of support.
In view of political unrest, the dollar is quite unstable. However, the current trend indicates a strengthening of the reserve currency.
Most technical indicators on the day and 4-hour time-frames indicate a purchase as well. Therefore, the trade council will take long positions from the support level and monitor the formation of an upward trend.

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